Frequently Asked Questions

Get clear answers to common questions about our advisory, compliance, GST, MSME, audit, costing, and business support services.

MSGodbole Advisory

MSGodbole Advisory provides business-focused financial, compliance, costing, audit, GST, MSME advisory, legal documentation, and management reporting services for businesses, startups, manufacturers, and MSMEs.

Costing & Pricing Advisory

Many businesses either undercharge and lose profits or overcharge and lose customers. Proper costing helps identify the actual cost of products/services and supports better pricing decisions.

This service includes:

  • Product/service cost analysis
  • Overhead and expense allocation
  • Profitability analysis
  • Pricing strategy support
  • Margin improvement recommendations

Manufacturers, service businesses, startups, and MSMEs that want to improve profitability or understand their actual business costs.

GST Review & Litigation Support

GST review services include:

  • Verification of GST payments
  • Review of GST returns
  • Identification of filing errors
  • Detection of excess tax payments
  • Compliance risk assessment

Yes. MSGodbole Advisory assists with GST appeals and litigation support before GST authorities.

Regular GST review helps avoid penalties, notices, blocked input tax credits, and future disputes.

MSME Government Schemes Advisory

Businesses may qualify for:

  • Subsidies
  • MSME loans
  • Credit guarantee schemes
  • Technology upgradation support
  • Skill development schemes
  • Marketing assistance
  • Digital transformation support

Yes. Assistance includes document preparation, application support, and process guidance for eligible MSME schemes.

Yes, if they meet MSME eligibility criteria.

Accounts Review & Monthly Closure

Monthly closure means reviewing and finalizing accounts regularly instead of waiting until year-end.

It helps businesses:

  • Detect errors early
  • Maintain clean books
  • Improve GST and tax readiness
  • Make informed business decisions
  • Avoid year-end accounting chaos

Yes. Businesses using accounting software like Tally or Zoho Books can benefit from regular account reviews and reporting.

MIS & Ratio Analysis

MIS (Management Information System) reporting provides structured financial and operational insights that help business owners make informed decisions.

Reports may include:

  • Profitability analysis
  • Expense tracking
  • Cash flow monitoring
  • Ratio analysis
  • Performance summaries
  • Business insights and trends

Ratio analysis helps identify strengths, weaknesses, liquidity issues, profitability trends, and operational inefficiencies.

Internal Audit

Internal audit is an independent review of business operations, controls, financial processes, and compliance systems.

No. Small and medium businesses often benefit more because they typically have weaker controls and higher operational risks.

Internal audits can help detect:

  • Process inefficiencies
  • Fraud risks
  • Financial inconsistencies
  • Compliance gaps
  • Weak internal controls

Legal & Documentation Advisory

Services include:

  • Agreement review
  • NDA drafting
  • Purchase Order terms review
  • Commercial documentation support
  • Contract risk identification

NDAs help protect confidential business information, trade secrets, and sensitive commercial discussions.

Yes. Existing agreements can be reviewed to identify legal and commercial risks.

New Labour Codes Implementation

The Government of India has introduced new labour laws affecting salaries, compliance, employee benefits, and employer obligations.

The firm helps businesses:

  • Assess the impact of labour codes
  • Identify compliance changes required
  • Modify salary structures if needed
  • Reduce compliance risks and penalties

Yes. Businesses must eventually align with applicable labour regulations. Non-compliance may result in penalties and legal complications.

Investor Compliance

Investor compliance means ensuring the business follows obligations mentioned in investor or funding agreements.

Startups, funded companies, and businesses planning to raise investment capital.

Non-compliance can create legal disputes, investor conflicts, and funding-related issues.

General Questions

Yes. Services are designed for startups, MSMEs, growing businesses, and established companies.

Yes. Consultation, documentation, reviews, and reporting support can be provided remotely.

A discussion can help identify the most relevant services based on your business size, industry, and current challenges.

MSGodbole Advisory
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